A free fall is expected for NZDUSD Short

New Zealand Dollar/U.S. DollarFXCM

Description

⋅ Mar 19, 2018 11:47 AM

Closing today's US session below 0.7200 would put NZDUSD in a free fall towards 0.7000. Only a close above 0.723 would refute this scenario

Comments

MaGedEssam

⋅ Mar 19, 2018 12:23 PM

let’s wait and see ;)

Olu

⋅ Mar 19, 2018 12:19 PM

The DXY is falling and the indicator on your chart is oversold and has turned up. I think the momentum to the downside has slowed (may be temporary or permanent - only time will tell)